Company Overview
Ganga Forging Limited manufactures and sells steel forging parts and machine components for automotive and non-automotive sectors in India. It offers forged crankshafts, crankshaft single and double cylinders, straight and inclined connecting rods, forged and big yokes, trunnion-pins, spiders/crosses, forged trunnion shafts, forged flanges and clamps, and blind flanges, as well as socket clevises, anchor shackles, and dead-end pin electrical power transmission parts. The company also provides aluminum forging products. It serves clients in railways, construction equipment, agricultural machinery and equipment, earth moving and other industries. The company was incorporated in 1988 and is based in Rajkot, India.
Recent Developments
- Mar 2026 Revenue of ₹35.62 Cr (-17.6% YoY); net profit ₹-3.65 Cr.
- Trailing 12 Months Year-on-year growth — revenue -17.6%, earnings -696.0%.
- 5-Year Trend Long-term compounding — revenue CAGR 2.6%, profit CAGR -106.8%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 2.59% |
| 1 Year: | -17.59% |
Compounded Profit Growth
| 5 Years: | -106.83% |
| 1 Year: | -695.95% |
Stock Price Performance
| 1 Year: | -47.63% |
| 6 Months: | -43.14% |
| 3 Months: | -30.42% |
| 1 Month: | -22.57% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)40.18 · Neutral
P/E of 50.10 is above the sector median of 29.60 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
No notable strengths flagged.
CONS
- Trading at a high P/E of 50.1.
- Earnings shrank at -106.8% CAGR over 5 years.
- Trading 50.5% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | GANGAFORGE Ganga Forging Limited NSEINFRA | 1.99 | 50.10 | ₹33.77 Cr | 0.00% | -7.10% | -12.82% | 2.59% | -106.83% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 3,849.40 | 32.93 | ₹5.30 L Cr | 0.96% | 14.55% | 14.72% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,834.20 | 31.50 | ₹4.23 L Cr | 0.42% | 10.97% | 13.32% | 22.93% | 34.11% |
| 4 | BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU | 410.75 | 56.42 | ₹3.00 L Cr | 1.05% | 31.88% | 25.27% | 16.63% | 26.64% |
| 5 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,463.30 | 32.75 | ₹2.98 L Cr | 0.44% | 13.80% | 22.21% | 7.87% | 16.08% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 5,202.50 | -84.07 | ₹2.01 L Cr | 0.24% | 4.02% | -34.31% | 16.59% | -227.40% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,535.50 | 64.97 | ₹1.53 L Cr | 1.17% | 34.95% | 27.87% | 16.07% | 24.35% |
| 8 | ABB ABB India Limited NSEAIINFRA | 6,951.50 | 88.30 | ₹1.47 L Cr | 0.58% | 28.45% | 21.29% | 15.41% | 17.97% |
| 9 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 33,005.00 | 148.92 | ₹1.47 L Cr | 0.02% | 24.92% | 19.09% | 22.24% | 119.12% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | - | 11.53 Cr | 7.75 Cr | 8.27 Cr | 8.88 Cr | 10.73 Cr |
| Cost of Revenue | - | 7.56 Cr | 5.09 Cr | 8.07 Cr | 5.80 Cr | 7.21 Cr |
| Gross Profit | - | 3.97 Cr | 2.66 Cr | 19.61 L | 3.07 Cr | 3.52 Cr |
| Operating Expenses | - | 3.67 Cr | 2.99 Cr | 2.82 Cr | 2.96 Cr | 3.96 Cr |
| Operating Income | - | 29.76 L | -33.58 L | -2.63 Cr | 11.67 L | -44.79 L |
| EBITDA | - | 57.46 L | 30.79 L | -2.34 Cr | 52.11 L | -6.03 L |
| Interest Expense | - | 22.32 L | 23.15 L | 22.63 L | 19.18 L | 28.16 L |
| Pretax Income | - | 6.48 L | -19.71 L | -2.84 Cr | 4.54 L | -68.98 L |
| Tax Provision | - | 21.89 L | 9.30 L | 9.82 L | 60,000 | -22.70 L |
| Net Income | - | -15.40 L | -29.01 L | -2.94 Cr | 3.94 L | -46.27 L |
| Diluted EPS | - | -0.79 | -0.02 | -0.17 | 0.00 | -0.02 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 32.99 Cr | 36.74 Cr | 43.22 Cr | 35.62 Cr |
| Cost of Revenue | - | 28.01 Cr | 30.57 Cr | 28.89 Cr | 26.17 Cr |
| Gross Profit | - | 4.98 Cr | 6.17 Cr | 14.33 Cr | 9.44 Cr |
| Operating Expenses | - | 3.84 Cr | 4.63 Cr | 13.13 Cr | 12.74 Cr |
| Operating Income | - | 1.13 Cr | 1.54 Cr | 1.20 Cr | -3.29 Cr |
| EBITDA | - | 2.53 Cr | 2.50 Cr | 2.91 Cr | -1.57 Cr |
| Interest Expense | - | 76.79 L | 75.35 L | 97.56 L | 93.12 L |
| Pretax Income | - | 88.14 L | 75.42 L | 86.55 L | -3.68 Cr |
| Tax Provision | - | -77.56 L | 31.07 L | 25.24 L | -2.98 L |
| Net Income | - | 1.66 Cr | 44.34 L | 61.31 L | -3.65 Cr |
| Diluted EPS | 0.08 | 0.13 | 0.02 | 0.04 | - |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 34.73 Cr | 46.31 Cr | 58.68 Cr | 60.49 Cr |
| Current Assets | - | 18.20 Cr | 29.70 Cr | 31.30 Cr | 29.86 Cr |
| Cash & Equivalents | - | 18.00 L | 85.74 L | 32.39 L | 12.38 L |
| Inventory | - | 11.18 Cr | 16.08 Cr | 19.34 Cr | 19.14 Cr |
| Receivables | - | 5.71 Cr | 8.47 Cr | 8.01 Cr | 5.69 Cr |
| Total Liabilities | - | 21.39 Cr | 14.89 Cr | 26.49 Cr | 31.99 Cr |
| Current Liabilities | - | 15.66 Cr | 12.34 Cr | 19.62 Cr | 21.71 Cr |
| Long Term Debt | - | 4.31 Cr | 77.49 L | 4.86 Cr | 8.39 Cr |
| Total Debt | - | 14.30 Cr | 9.99 Cr | 16.60 Cr | 20.11 Cr |
| Total Equity | - | 13.33 Cr | 31.41 Cr | 32.19 Cr | 28.50 Cr |
| Shares Outstanding | - | 13.34 Cr | 16.89 Cr | 16.97 Cr | 16.97 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | -1.09 Cr | -10.64 Cr | -4.11 Cr | 35.95 L |
| Investing Cash Flow | - | -55.97 L | -1.16 Cr | -2.21 Cr | -3.15 Cr |
| Financing Cash Flow | - | 1.81 Cr | 12.47 Cr | 5.79 Cr | 2.59 Cr |
| Capital Expenditure | - | -1.27 Cr | -1.18 Cr | -2.65 Cr | -3.54 Cr |
| Free Cash Flow | - | -2.36 Cr | -11.82 Cr | -6.76 Cr | -3.18 Cr |
| Net Change in Cash | - | 16.60 L | 67.74 L | -53.36 L | -20.00 L |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 15.1% | 16.8% | 33.2% | 26.5% |
| Operating Margin % | - | 3.4% | 4.2% | 2.8% | -9.2% |
| Net Margin % | - | 5.0% | 1.2% | 1.4% | -10.3% |
| ROE % | - | 12.4% | 1.4% | 1.9% | -12.8% |
| ROCE % | - | 5.9% | 4.5% | 3.1% | -8.5% |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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GANGAFORGE — Frequently Asked Questions
What is the current share price of Ganga Forging Limited (GANGAFORGE)?
As of 2026-07-15 09:52 IST, Ganga Forging Limited (GANGAFORGE) trades at ₹1.99 on NSE. Its 52-week range is ₹1.91 to ₹4.02.
What is the market capitalisation of GANGAFORGE?
Ganga Forging Limited (GANGAFORGE) has a market capitalisation of ₹33.77 Cr on NSE.
What is the P/E ratio of GANGAFORGE?
GANGAFORGE trades at a trailing price-to-earnings (P/E) ratio of 50.10. The industry average P/E is 29.60. Its price-to-book (P/B) ratio is 1.14.
What is the return on equity (ROE) of GANGAFORGE?
GANGAFORGE has a return on equity (ROE) of -12.82%. Its return on capital employed (ROCE) is -7.10%.
Is GANGAFORGE a good stock to buy?
This page provides a data-driven analysis of Ganga Forging Limited (GANGAFORGE), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.